Singapore's Oversea-Chinese Banking Corp (OCBC) said Monday it plans to raise SG$3.37 billion (US$2.70 billion) in a rights issue to boost its balance sheet following its takeover of Hong Kong's Wing Hang Bank.
Singapore Telecom (SingTel) said Thursday its financial first quarter net profit fell 17.4 percent from the year before due to the absence of one-time gains and weaker currencies of the countries in which it has key investments.
Singapore's trade-sensitive economy grew 3.5 percent in the first half and was on track for 2.5-3.5 percent expansion this year, Prime Minister Lee Hsien Loong said Friday.
A hijacked Singaporean oil tanker carrying 21 sailors was released on Sunday a week after being seized by pirates in waters off Ghana in west Africa, Seoul's foreign ministry said.
Massive traffic jams disrupted the morning rush-hour at the Malaysia-Singapore border on Friday as Malaysian bus drivers staged a wildcat strike to protest a sharp increase in toll charges to enter the city-state.
New hiring rules favoring Singaporeans kicked in Friday as part of measures aimed at addressing citizens' complaints about foreigners stealing jobs from them.